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as has paul ryan and certainly the vast majority of republicans in the house. which is a commitment not to raise overall taxes. romney's committed to cutting all tax rates at least 20%. ryan and the house republicans want to go to a top rate of 25% corporate and individual. romney's made it clear. any changes are in the context of keeping overall taxes from going up and making sure the middle class doesn't get hit request higher taxes. it's not a tax increase, he's made that clear. >> mr. secretary, a lot of discussion about whether or not the wealthy or the middle class families in america benefit more from any limit of deductions. >> well, a limit of deductions actually would hurt the wealthy to the extent that we're talking about a deduction that the wealthy take in very, very large amounts. a limit on those deductions makes some sense in terms of a progressive tax system. >> what do you think the plan for the president will be tonight? terms of tax reform, mr. reich? >> the president has said that he wants the so-called buffett rule that is a minimum tax particularly in regard t
it really do enough to change the dynamic in the race. next week it's paul ryan and joe biden. and then two more presidential debates. we'll watch the polls for see the impact. >> what was your verdict? we all have our own panel of strategists that will be coming up at 11:30 cet, that's 5:30 eastern. but we do want to hear from you, as well. what did you make of the debate and performance of each of the candidates? you can send us an e-mail at worldwide@cnbc.com. or via twitter, follow the sh show @cnbcwex. or tweet me directly. several of you already writing with your thoughts. @beccymeehan. let me know what you think about the u.s. presidential debate. there are still more to come and we'll get to some of your comments later this the show. now, one of the other big stories today, the european central bank meets in slovenia, expected to hold back on any action as it waits for spain to decide ifle it will finally ask for a bailout. silvia wadhwa is reporting for us from the outskirts of the slovenia capital. we obviously know the ecb travels around to these events, but where are you exactly
't. are you playing paul ryan with have not -- because i hope it's not going to be in a high altitude -- i don't know whether vice president biden is also affected fwhi thin air, but hopefully you've got it at a sea level place. apparently tony, romney was training in the mountains around boulder and he had all his blood cells -- >> one of the funniest things i ever saw. >> the altitude affects romney differently. i think he breathes a little more. >> he's taller. >> maybe he trained for the debate in denver. right some remember max company city? >> i'm glad you're entertaining yourself. >> all preparation that matters, right? >> it is. jarrett, what do you think, are people underestimating the vice president's abilities with paul ryan? >> if they aren't, they shouldn't. he's quick on his feet. he's good at linking things to a narrative. i can't imagine he would want to go into the weeds with paul ryan and talk about budget baselines. he'll talk about the kind of narrative, the middle class, the folks that he believes -- >> the ones buried in the last four years? >> i think joe biden really do
, you know, business and the private sector to do better. and when he picked ryan, i thought, all right, it's a clear choice now, the country has a clear choice which way they want to go. but something got lost in the last -- you can just look at the polls where that didn't -- people are not looking at that at this point. they must be looking at something else because we do see president obama leading in most polls. what changed? what's different? >> well, it doesn't help when all the networks run a secret tape about 10,000 times in one week, and i think that really slanted and skewed the news. but i also think that the polling onslaught that comes out that shows him behind, i don't think it's accurate. because i think the filters are closer to a 2008 model. and a 2010 model was dramatically different. the tea party energized in 2009 and came out in 2010, i still think they're energized, and i think the silver lining of the supreme court upholding obama care is, is that those of us in the tea party who think obama care's a disaster for the country, we're all going to turn out because we
romney's proposed with paul ryan an ambitious reformation of the program that would go to voucher, but he hasn't said what the level of the voucher would be or the growth rate in the voucher. if you don't specify that, you can't specify what your savings will be or the impact on consumers. and finally president obama last year in the grand bargain talks with house speaker boehner talked about more ambitious proposals than medicare than he's advocated so far like raising the eligibility age from 65 to 67. hasn't said a word about that in the election campaign so far. you can expect the two to clash on that issue, as well. >> john, i know you've looked at some poll numbers from the journal and nbc news. maybe a slight tightening on a national level. but certainly in some important states like ohio, the president continues to lead. i know you've said the romney strategists believe they need ohio. if it's mathematically possible to win without it, why do they still believe they need it? >> well, because if you don't win ohio, you're probably not going to win, say, wisconsin, which is another
thing that would worry me is if i really believed that romney and ryan were going to get elected and they were going to come in and dramatically cut government spending, that would lead to a recession, and that would worry me. but i don't think they're going to get elected, but more importantly, i don't think they would do that if they did get elected. nears no republican that ever has. i think ceos are focused on what the consumer is doing, what are their customers doing. and as jim cramer said a little earlier, i think between 23 and 27 minutes of the world's focus was on this last night. the people have moved on to more substantive topics now. >> so the bottom line is that it does not matter for a domestic business who gets elected? when it comes to the fundamental -- >> i think it does matter, but i think it matters because i think barack obama is the person who is most likely to be able to continue growing the economy. and the things that romney has proposed are unlikely to be successful. but i don't think ceos react to something like a debate. you know, they're looking at t
on taxes, yesterday you were on the paul ryan clip, but there is a debate over the romney tax plan, not that he's not going to lower taxes, he may lower taxes and that may be a good thing for the economy, but the question is ultimately does it bring in enough revenue to make it revenue neutral? one of the things they have said about republicans is it would lower the deficits but the taxes have exploded under them. your views? >> there's no question the deficits have exploded under them. the last two decades among the two wars and the mistakes in my opinion, we blew a lot of money. multiples of what we blew before. so, you know, my attitude is that -- >> jimmy, my question is do you have any confidence no matter who is in office that actually the hard cuts that need to be made ultimately to make any text plan deficit neutral are actually going to happen? >> and my question to you comes down to a simple question. >> do you believe in the tooth fairy? >> who does the president listen to? i wonder if you could name for me four or five executives who have been advising the president and
next week against ryan. that should be good, don't you think? >> i do. >> steve see you back in a bit? >> we'll talk about draghi at 8:30 and jobless claims. >>> right now breaking news, julia boorstin has more on what's happening with facebook. >> that's right, the facebook announcing it has 1 billion monthly active users and 600 million mobile users, mark zuckerberg saying, making this announcement saying "i'm committed to working each day to make facebook better for you and hopefully one day we'll be able to connect the rest of the world." this is a major milestone for the company. facebook hit 500 million active users, doubling its size in two years. mark zuckerberg taped an interview with matt lauer airing exclusively on the "today" show shortly, that sitdown his first since the ipo coming up later this afternoon. >> yesterday afternoon i saw a headline, facebook is going to charge you $7 if you want to send posts, headlines to your friends. sounded crazy. >> facebook is testing all sorts of different ad models and facebook gives you the option of paying to promote your post to y
Search Results 0 to 7 of about 8

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